Moreover, the term Dubai Company Formation (Dubai Offshore Company Formation and Dubai Free Zone Company Formation being part of that) practically refers to the process, considerations, decisions and actions of legally setting up a Dubai Company in ANY Location of Dubai, under UAE and Dubai Law and Regulations, intended to conduct business in the UAE and/or internationally.

Related and practically closely linked to the Company Formation process is, additionally, all work connected to the establishment of the business per se of the New Company in Dubai which is to be conducted after the incorporation stage is complete.

Such establishment work for Your Dubai Company often entails arranging for Visas for the owners, managers and staff if permitted by the license type, opening bank accounts, arranging premises, again if permitted by the license type, arranging for professional services to support the company and other establishment work.

The Dubai Offshore Company, the only option being the JAFZA Offshore Company in Jebel Ali Free Zone in Dubai – this is a non-resident company exclusively conducting international business outside the UAE but hold a UAE bank account in Dubai.

The Dubai Free Zone Company / ies – these are resident onshore companies but cannot do business in the UAE mainland (except, practically, services tot specially regulated like consulting and trading in free zones and internationally). They can open a UAE bank account in Dubai.

These are resident companies conducting business locally in special free zone areas and internationally outside the UAE and hold a UAE bank account.

Dubai Local LLC

Local Dubai LLC Companies – these require a local sponsor /shareholder of 51% – these are used for local trading as well as GCC and international trading.

Dubai Professional Firm

Dubai Professional License Companies – these are suited to professionals: doctors, accountants, lawyers that wish to practice their profession in the UAE.

Only able to trade freely within the free zone areas and worldwide – Dubai Free Zone Companies and RAK Free Zone Companies can also render services locally in the UAE as long as the services are not under a regulated regime (banking, investment, medical etc.)

100% foreign ownership permitted

Residence visas are issued

Goods out of the free zone and into mainland UAE must pay a 5% customs duty

Office space is required within the free zone

Able to open UAE bank accounts and accounts worldwide

Membership of the Chamber of Commerce through the relevant office in the specific Free Zone

Advantages of a Local Dubai Company or a Dubai Professional Firm

Well first you enjoy ALL the advantages enjoyed by the Dubai Offshore Companies and the Dubai Free Zone Companies PLUS+ the added significant advantage of conducting any business activity (subject to approval) without ANY restrictions in any location in the UAE and the Gulf / GCC region. A huge market with exciting potential.

Dubai Company Incorporation – Establishment Procedures

The 5 Stages of the Company Formation Process in Dubai

FBS EMIRATES are up-to date with ALL new laws and regulations and with our help you can cut through the whole process quite easily with minimum involvement on your side.

Below is a brief outline of the Main Company Formation Stages in Dubai, UAE.

1. Initial Consulting

It is valuable that FBS EMIRATES provides free initial advice on Dubai Business Set Up. This is so as you DO need Our Services since there are many different options for company formation and complex residency and labour and immigration regulations as well as complex processes, red tape and requirements.

2. Documents – Licensing – Formation

Once all the necessary documents have been obtained from you and certified, the incorporation process starts. The Company, at the completion of this stage is Legally Formed and Licensed and Ready to Operate.

3. Bank Account

Bank Account Opening in Dubai comes next. A very important stage as Dubai Companies with no bank account are considered by Tax Authorities and market counter-parties as Companies without economic substance in most cases and therefore not useful or practical. In our capacity of Official Professional Introducer with many banks in Dubai and internationally you can rest assured the account opening will be fast and quite smooth. We will handle the process and guide you through the documentation requirements.

4. UAE Visas

Immigration Residence Visas and Emirates ID is then obtained for you, your family and your staff. All details and actions required will be handled efficiently. Generally the medical examination takes a maximum of 5 working days, although this can faster with an urgent medical application.

5. Establishment and Set-Up

The next stage, with our support, involves setting up the corporate image (business – office address, telephone answering, logo, business cards, and website) as well as substance (premises, telephone, utilities, virtual office, staff, business plan). We can discuss what is appropriate for your case.

Our Simple 8-Step Process aims at addressing all the actions and decisions necessary to successfully, smoothly and in a problem-free fashion Form, Set Up and Establish Your Dubai Company and Business in Dubai, UAE.

Choosing a suitable Dubai-based Company Formation Expert and Consultant and submitting to them the Required Documents and Forms and obtaining a proper consultation.

From then on with our guidance comes deciding on the Business and License Type and a specifically chosen Dubai Location and Registration Authority to set up the company, Deciding on Ownership Type, Choice of Legal Form, Deciding on UAE, Dubai Company Trade Name, Determining Share Capital – Shareholders – Managers, Deciding where and with which Bank to open a Bank Account with and finally setting out plans for Establishment Logistics – Premises, Marketing and other set up work.

How We Help You in the Dubai Company Incorporation Process …and after

Collect all Dubai Company Owner identity and passport personal documents, CV, bank reference letter, 6-months bank statements, proof of address and a draft business plan and activities list AND in the case of a corporate shareholder the relevant company documents of the shareholding company

Prepare all incorporation documents for your Dubai Company

Complete, check and submit all Dubai Company Registration, Bank Account and Visa applications to the relevant bodies, institutions and Authorities

Dubai Company Name approvals and other governmental approvals (after approval, MOA and application forms will be signed)

Monitoring and controlling the progress of the Dubai company incorporation process through the various steps ensuring smooth and problem free set up

Dubai company Bank Account Opening – we introduce banks to clients to act as the Dubai company’s bankers

Full-Scope professional services to support your Dubai company operations from A to Z (VAT, Tax, Accounting, Bookkeeping, Audit)

Following the Formation Stage our role is to continuously support you in all related matters pertaining to your Dubai company needs for professional services, as required.

By forming an offshore company in the UAE you can have a UAE address and run your business tax free internationally, open a bank account in the UAE or outside the UAE and own property in Dubai or RAK

Dubai Offshore Company: $2100 + annual fees $1840 = $3940

Ras Al Khaimah - RAK ICC: $1025 formation + $1840 annual fees = $2865

Free Zone Company Incorporation in the UAE

Startup Package - 1st year

By setting up a free zone company in the UAE you can enjoy the privileges of onshore presence and UAE and international trading tax free, open a bank account in the UAE or outside the UAE and own property in Dubai or RAK. Residence Visa is given to investors and staff.

The content of this website is currently being updated to effect changes to align our content with the OECD CRS & Mandatory Disclosure Requirements, EU Tax Disclosure Directive and other anti-tax avoidance directives and General Data Protection Regulation (GDPR). The content of some pages is out-of-date. Our firm is, at the moment, fully aligned and committed to staying compliant with the above in all client cases. We welcome clients investing in countries that within a reasonable time frame intend to take up residence, create substance in their company and not engage in aggressive tax avoidance activities or having tax benefit or CRS avoidance as the main purpose of their investment. Thank you very much for your cooperation and please contact us on enquiries@fbsemirates.com for advice on your specific circumstances.

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